Skip unpacks Sony Pictures Entertainment's rough quarter, with profits sliding 21% to $223 million due to rising marketing costs and weaker catalog licensing. Despite a 6% revenue bump to $2.62 billion, operating income fell 16.5%. Meanwhile, PlayStation and Sony Music…
Philo now has 1.3 million paying subscribers, an increase of 300,000 from last year, and generated $450 million in revenue in 2024. The company expects to reach full profitability next year. To support growth, Philo hired Edward King, formerly of…
Paramount Pictures has struck a major slate financing deal with Domain Capital Group, covering at least 30 films, including The Smurfs Movie, The Naked Gun reboot, and The Running Man. The agreement, which could extend to 40 films, expands Domain’s…
Lionsgate had a strong Q3, slashing its losses by 80% to $21.9 million and beating Wall Street estimates with $970.5 million in revenue. The studio’s library revenue hit a record $954 million, and TV revenue surged 63%, fueled by post-strike…
Skip unpacks Disney’s Q1 2025 earnings, which highlight a shift toward profitability over subscriber growth. Total revenue reached $24.69 billion (up 5%), while operating income surged 30.5% to $2.64 billion. Streaming posted a $293 million operating profit, a major turnaround…
Skip unpacks YouTube’s massive $10.5 billion Q4 ad haul—a 13.8% jump fueled by election-season ad dollars. YouTube continues to dominate ad-supported streaming, but its parent, Alphabet, is making Wall Street nervous with a massive $75 billion AI spending spree. Is…
Spotify reported its first full year of profitability in 2024, with revenue rising 16% year-over-year to €4.2 billion and operating income reaching €477 million. Monthly active users grew 12% to 675 million, while subscribers increased 11% to 263 million.
MSG Sports posted $357.8 million in Q2 FY2025 revenue, up 9% year-over-year, but faces media rights uncertainty due to an Optimum-MSG Networks carriage dispute. Despite strong ticket sales and sponsorships, adjusted operating income fell 45% to $20 million due to…
MSG Networks is seeking to restructure its debt to avoid bankruptcy, with JPMorgan leading talks and Amazon speculated as a potential investor. The move comes amid an ongoing carriage dispute with Optimum, which has kept the network off-air for many…
Popcornflix is back online after being quietly sold before Chicken Soup for the Soul Entertainment’s bankruptcy. Now owned by a trust linked to investor David Nagelberg and supported by Future Today, the service has returned while Crackle and Redbox remain…
